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4 Stocks Under $5 Moving Higher

Acura Pharmaceuticals

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Acura Pharmaceuticals (ACUR - Get Report) is a pharmaceutical company engaged in the research, development and manufacture of product candidates providing abuse deterrent features and benefits. This stock is trading up 8.4% to $1.67 in recent trading.

Today's Range: $1.50-$1.80

52-Week Range: $1.40-$5.49

Volume: 4,000

Three-Month Average Volume: 63,543

>>5 Big Stocks to Trade This Earnings Season

From a technical perspective, ACUR is bouncing hard to the upside here around some previous support $1.44 with light volume. This move is quickly pushing ACUR within range of triggering a near-term breakout trade. That trade will hit once ACUR manages to take out some near-term overhead resistance at $1.84 to $2, and then its gap down day high from August of $2.20 with high volume.

Traders should now look for long-biased trades in ACUR as long as it's trending above its 50-day at $1.69, and then once it sustains a move or close above those breakout levels with volume that hits near or above 63,543 shares. If that breakout triggers soon, then ACUR will have a chance to re-fill some of its gap down zone that started at around $3.

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